Lockdown restrictions have initiated the worst contraction in global trade since the Great Depression of the 1930s. Even during the 2008 financial crisis, the volume of exports in Europe only contracted by 11%. This crisis could prove significantly worse, The Telegraph reports. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
Category: Macroeconomics
What kind of economy can we expect post-lockdown?
The stock market has had its best month in decades and many are clearly looking forward to May with more optimism than they could April, but a series of articles in The Economist suggest we are far from the prospect of a return to normal. Looking for metal price forecasting and data analysis in one […]
China has a bit of a dilemma … and by extension, so does the rest of the world
After the last crisis, China was instrumental in spurring global growth and helped pull the West and neighboring economies along with it. Through state stimulus, China achieved double-digit growth, far beyond what its underlying economy would have otherwise been capable.
This Morning in Metals: China releases preliminary Q1 GDP calculations
This morning in metals news, China’s National Bureau of Statistics released preliminary Q1 GDP figures, China’s steel stockpiles are slowly receding and several industry groups expressed support for the U.S.’s beverage container deposit programs. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
Europe under political strain as bloc mulls collective response to coronavirus
There has been a lot of talk at the European level about collective action in response to the economic impact of the coronavirus outbreak. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. To date, there has been precious little concrete action. Unlike the […]
Latest PMI numbers show sharp contractions in manufacturing, services
Purchasing Managers Index, or PMI, numbers are at best an estimate of sentiment and an indication of business confidence about the coming months. But confidence can evaporate like dew in the sunshine. In today’s uncertain world, however, we tend to cling to any data points for a clue on how the economy is faring and […]
Is China recovering from the impact of the coronavirus?
Falling infection rates to the lowest level since January and President Xi Jinping’s visit to Wuhan yesterday suggest all is returning to normal in China. Some are looking for a V-shaped bounce back and maybe even a softer hit to Q1 GDP growth than previously feared. Looking for metal price forecasting and data analysis in […]
Construction MMI: U.S. construction spending jumps 1.8%; housing starts fall 3.6%
The Construction Monthly Metals Index (MMI) dropped four points this month for a March MMI reading of 75. Request a 30-minute demo of the MetalMiner Insights platform now.
This Morning in Metals: Stocks reel amid spreading coronavirus threat
This morning in metals news, stock markets took heavy losses Monday, U.S. raw steel production is up 1.1% in the year to date and concerns abound regarding workers at Baowu Steel’s Wuhan plant amid the coronavirus outbreak. Request a 30-minute demo of the MetalMiner Insights platform now.
Europe’s stock markets remain strangely sanguine despite lackluster growth
The Financial Times reported the eurozone’s economy is growing at the slowest rate since the bloc’s debt crisis seven years ago, according to data published late last week. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. The Eurozone grew at a quarterly rate of […]